Warren Buffett's Advice to Students: Career, Integrity and Investing

In this talk and Q&A with business students, Warren Buffett explains how to choose where to work, why integrity matters more than intelligence and energy, how he defines his circle of competence, how he thinks about intrinsic value, and the investing mistakes that cost him the most. 🎓 More than an hour of plain-English wisdom on business, investing and life. Featuring Warren Buffett. 📌 In this talk you will learn: ✅ Why you should work for the people you admire most, not for the "perfect resume" ✅ The 10% classmate game: the qualities that make someone a big winner, and the habits that hold people back ✅ Intelligence, energy and integrity: why the third one decides everything ✅ Circle of competence: why great industries (cars, airlines, TVs) made terrible investments ✅ Intrinsic value explained with Coca-Cola and Aesop's "bird in the hand" ✅ His biggest mistakes: Berkshire's textile business, US Air, and the costly mistakes of omission ✅ The 20-punch card rule for making fewer, bigger decisions ✅ Taxes, philanthropy, and why he felt lucky to be born in the United States ✅ The economy, the Fed, and why the stock market can stay flat for 17 years ✅ How Sam Walton and Mrs. B of Nebraska Furniture Mart beat much bigger competitors ⏱️ Chapters 00:00 - Opening Jokes 02:01 - Who Should You Work For? 03:36 - The 10% Classmate Game 06:13 - Intelligence, Energy and Integrity 07:13 - The Chains of Habit 09:28 - Circle of Competence 10:48 - Great Industries, Terrible Investments 15:23 - Know the Edge of Your Circle 16:16 - How to Find Intrinsic Value 20:18 - Aesop's Bird in the Hand 21:58 - Buffett's Biggest Mistakes 22:43 - Cigar Butt Investing and Berkshire 24:30 - US Air and Other Mistakes 26:39 - Mistakes of Omission 27:47 - The 20-Punch Card Rule 29:39 - More Money Than Ideas 30:41 - Giving His Fortune Away 32:39 - Choosing a Spouse 33:42 - Tax Shelters and Ethics 37:51 - Philanthropy With Bill Gates 41:55 - Born in the Right Place 44:56 - America's 20th Century 50:52

Added 20 Oct 2026